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Satellite Component Market Share

Report ID: GMI12258
Published Date: Nov 2024
Report Format: PDF

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Satellite Component Market Share

Satellite Component Market Analysis, 2024

Lockheed Martin Corporation, a major player in the aerospace and defense industry, provides advanced satellite components, including avionics, propulsion systems, and payloads for various space applications. Viking Satcom specializes in satellite communication systems, offering equipment for both commercial and government sectors, focusing on reliable and secure communications. Honeywell International Inc. supplies innovative satellite systems, including propulsion and avionics, as well as advanced navigation and control technologies. These contributions enhance satellite performance and efficiency across diverse applications.

Satellite Component Market Companies

Major players operating in the satellite component industry are:

Raytheon Technologies
Boeing Defense, Space & Security
Airbus Defence and Space
Challenger Communications
Honeywell International Inc.
IHI Corporation
JONSA TECHNOLOGIES CO., LTD.
L3Harris Technologies
Lockheed Martin Corporation
Northrop Grumman Corporation
OHB SE
General Dynamics
Leonardo S.p.A.
Mitsubishi Electric Corporation
Sat- lite Technologies
THALES
Viking Satcom
RUAG Space

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The global satellite component industry was valued at USD 3 billion in 2024 and is estimated to grow at a 7.1% CAGR from 2025 to 2034, driven by the increasing need for reliable global communications.

The communication segment accounted for the largest market share of 61.7% in 2024, as it provides essential global connectivity for telecommunications, broadcasting, and internet services.

The North America satellite component industry held a 35.2% share in 2024 and is projected to reach USD 1.5 billion, maintaining its dominance due to robust government support, substantial private sector investments, and continuous technological innovations.

Key players in the industry include Raytheon Technologies, Boeing Defense, Space & Security, Airbus Defence and Space, Challenger Communications, Honeywell International Inc., IHI Corporation, JONSA TECHNOLOGIES CO., LTD., L3Harris Technologies, and Lockheed Martin Corporation.